Advertisement

Limit Orders on Binance

A limit order is a little more complex than a market order but offers you the ability to set the price.

The downside is, if the market price never gets to the price you set, your order will never get filled and you either won’t get the tokens you wanted to buy or won’t get rid of the tokens you hoped to sell.

Pro Tip: This is where knowing how to read the order book and candlestick chart comes in handy. If you look at the orders that buyers and sellers have placed, you may be able to make a more educated decision regarding the future price and have a chance to buy or sell at higher or lower than the current market price.

Next, you’ve got the difficult decision of the choosing the price for your offer. If you are buying, you’ll want to set a price below the market price in hopes it dips down to your desired price. Likewise, if you are selling, you can set a price above the current market price so you can sell when the price goes up.

After you’ve set a price, input the quantity of tokens you wish to buy (left) or sell (right). As with market orders, you can use the % buttons to spend a given percent of the currency you’re using to make the purchase, or sell a certain % of the currency you want to sell.

Note: with market orders, you’ll be required to buy or sell at least a preset minumum amount, which varies from coin to coin.

As always, be sure to confirm that all of your settings are correct. The extra few seconds it takes can easily save you from making a costly mistake.

Finally, click the “Buy Coin” or “Sell Coin” button to place your order.

Notice: Undefined index: refuse_opt in /var/www/vhosts/easycoinbuy.com/wp-content/plugins/cookie-notice/cookie-notice.php on line 929 Notice: Undefined index: refuse_opt in /var/www/vhosts/easycoinbuy.com/wp-content/plugins/cookie-notice/cookie-notice.php on line 932

We use cookies to improve our website. By continuing to use this site you consent to our use of cookies.OkPrivacy policy